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7331 Park Ave, Houma, LA, 70364

2beds
1baths
1,348sqft
$92,000
$68price/sqft
$764/moest. monthly cost
$30,560/yrincome needed

About This Home

RESTORATION ALERT! This once gorgeous home is available and ready for the restoration of a lifetime. Be part of the revitalization of HOUMA and bring this property back to life. This home is located in a Neighborhood Commercial District meaning this could serve as a single family home, multi-family home, or a business/office space. The lot is large enough as well to subdivide and add another dwelling in the back OR add parking for a business. There are so many possibilities. Call your favorite REALTOR today to discuss your vision and schedule a showing! AGENTS please read remarks for important information before showing.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

8/10
Legion Park Middle SchoolGrades PK-61.1 mi
4/10
Houma Junior High SchoolGrades 7-80.4 mi
8/10
Terrebonne High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1960

Materials

  • Foundation: Block
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence,Residential

Interior

Bedroom1

  • Level: First
  • Area: 100

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First
  • Area: 64

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,348
  • Total interior livable area: 1,348 sqft

Living Room

  • Level: First
  • Area: 168

Master Bedroom

  • Features: None Specified
  • Level: First
  • Area: 120

Property

Details

  • Parcel number: 15483
  • Special condition: Standard

Features

  • Stories: 1

Lot

  • Lot size: 0.75 Acres

Parking

  • Total spaces: 1
  • Parking features: 1 Car Park,No Covered Parking
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Cold Wave
Heat Wave
Lightning
Tornado
Tsunami

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $465$5,580
Home Insurance *$122$1,464
Property Taxes $30$360
Electricity $147$1,773
Total$764$9,168
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,194/yr
40% on housing$22,920/yr
45% on housing$20,373/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.4%
15.4%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: -4.8%
-4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$68This listing

vs Other Active Listings

Avg $/sqft

ZIP 70364$94
Terrebonne Parish$112

vs Homes Sold Last Month

Median $/sqft

ZIP 70364$140
Terrebonne Parish$118

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-01-24Price change$92,000
2024-10-11Price change$99,000
2024-04-04Listed for sale$129,000
2024-03-22Listing removed--
2024-03-11Price change$129,000
2023-09-22Listed for sale$140,000

For Sale by Agent

AgentMichele Palmer
Brokerage1 Percent Lists United

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